Overview
The Strategy typically invests in dividend-paying value stocks.
- Inception Date
- November 26, 2002
- Investment Style
- Dividend Value
- Fund Index
- Russell 3000® Value Index
- CUSIP
- 00141B659
- NAV
- C
- (as of 06/14/2019)
- $23.56
- Total Assets
- (as of 05/31/2019)
- $247.98 MM
- Gross Expense Ratio
- (as of 05/25/2019)
- 1.22%
- Net Expense Ratio
- (as of 05/25/2019)
- 1.14%
Performance
Average Annual Returns as of 03/31/2019
Average Annual Returns as of 05/31/2019
Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
- D
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2019-03-31
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 10.36% | 2.88% | 8.66% | 6.57% | 11.55% | 7.68% | |
| 11.93% | 5.30% | 10.50% | 7.56% | 14.50% | - | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2019-03-31
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 4.01% | -3.05% | 6.54% | 5.31% | 10.90% | 7.29% | |
| 11.93% | 5.30% | 10.50% | 7.56% | 14.50% | - | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2019-05-31
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 7.97% | -0.96% | 6.99% | 5.40% | 9.28% | 7.46% | |
| 8.33% | 0.48% | 7.98% | 6.42% | 12.28% | - | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2019-05-31
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 2.01% | -6.43% | 5.00% | 4.21% | 8.67% | 7.10% | |
| 8.33% | 0.48% | 7.98% | 6.42% | 12.28% | - | |
Gross Expense Ratio:
1.22%
| Net Expense Ratio:
1.14%
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.
Calendar Year Returns as of 05/31/2019
| Year | Dividend Opportunity Fund | Russell 3000® Value Index |
|---|---|---|
| 2003 | 39.67% | 31.14% |
| 2004 | 16.50% | 16.94% |
| 2005 | 9.12% | 6.85% |
| 2006 | 20.46% | 22.34% |
| 2007 | 4.01% | -1.01% |
| 2008 | -46.94% | -36.25% |
| 2009 | 41.22% | 19.76% |
| 2010 | 19.34% | 16.23% |
| 2011 | -10.84% | -0.10% |
| 2012 | 11.68% | 17.55% |
| 2013 | 23.45% | 32.69% |
| 2014 | 4.95% | 12.70% |
| 2015 | 0.24% | -4.13% |
| 2016 | 13.67% | 18.40% |
| 2017 | 14.40% | 13.19% |
| 2018 | -8.87% | -8.58% |
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.
Cumulative Returns & Income Dividends
| Date | Dividends |
|---|---|
| 12/14/2009 | 0.1394 |
| 12/14/2011 | 0.0471 |
| 12/12/2012 | 0.0968 |
| 12/5/2013 | 0.2441 |
| 12/30/2013 | 0.0512 |
| 3/19/2014 | 0.1372 |
| 6/18/2014 | 0.1585 |
| 9/17/2014 | 0.1413 |
| 12/2/2014 | 0.1182 |
| 3/17/2015 | 0.1294 |
| 6/16/2015 | 0.1312 |
| 9/22/2015 | 0.1314 |
| 12/1/2015 | 0.121 |
| 3/22/2016 | 0.1297 |
| 6/21/2016 | 0.1354 |
| 9/20/2016 | 0.1408 |
| 12/1/2016 | 0.2201 |
| 3/21/2017 | 0.137 |
| 6/20/2017 | 0.1379 |
| 9/19/2017 | 0.1378 |
| 12/1/2017 | 0.1341 |
| 3/20/2018 | 0.1321 |
| 6/19/2018 | 0.1356 |
| 9/18/2018 | 0.1382 |
| 12/10/2018 | 0.1634 |
| 3/19/2019 | 0.1312 |
There is no guarantee of the payment of any dividend or other distributions at any level.
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.
Capital Gains and Distributions ($ per share) as of 06/16/2019
| Date | 2014 | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|---|
| Short Term | — | — | — | — | 0.0364 |
| Long Term | — | — | — | — | 0.3644 |
| Total Amount of Distribution | — | — | — | — | 0.4009 |
| Record Date | — | — | — | — | 12/7/18 |
| Ex Div Date | — | — | — | — | 12/10/18 |
| Pay Date | — | — | — | — | 12/10/18 |
There is no guarantee of the payment of any dividend or other distributions at any level.
Portfolio
Top Issuers
(46.1% of assets as of 05/31/2019)
Domestic Equity
CLASS A: OSVAX
Portfolio Holdings Breakdown
as of
05/31/2019
| Country | Dividend Opportunity Fund | Russell 3000® Value Index | Overweight / Underweight |
|---|---|---|---|
| United States | 71.0% | 99.7% | -28.7% |
| United Kingdom | 9.1% | - | - |
| Japan | 4.6% | - | - |
| Canada | 2.7% | 0.0% | 2.7% |
| Switzerland | 1.9% | - | - |
| Netherlands | 1.5% | 0.2% | 1.3% |
| Australia | 1.3% | - | - |
| Germany | 1.2% | - | - |
| Spain | 0.8% | - | - |
| Finland | 0.5% | - | - |
| Portugal | 0.5% | - | - |
| Italy | 0.4% | - | - |
| France | 0.4% | - | - |
| Taiwan | 0.4% | - | - |
| Developed Markets | Dividend Opportunity Fund | Russell 3000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Americas | 73.7% | 99.7% | -26.0% |
| Europe | 16.3% | 0.2% | 16.1% |
| Asia Pacific | 5.8% | - | - |
| Emerging Markets | Dividend Opportunity Fund | Russell 3000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Asia Pacific | 0.4% | 0.1% | 0.3% |
| Equity Sector | Dividend Opportunity Fund | Russell 3000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Financials | 14.4% | 23.0% | -8.6% |
| Information Technology | 12.4% | 9.7% | 2.7% |
| Health Care | 11.5% | 14.3% | -2.8% |
| Energy | 11.4% | 8.6% | 2.8% |
| Consumer Staples | 10.0% | 7.5% | 2.4% |
| Communication Services | 8.7% | 6.9% | 1.8% |
| Industrials | 7.5% | 8.1% | -0.6% |
| Consumer Discretionary | 6.4% | 5.5% | 0.9% |
| Materials | 5.3% | 3.9% | 1.4% |
| Utilities | 4.6% | 6.7% | -2.1% |
| Real Estate | 4.2% | 5.8% | -1.6% |
| Industry | Dividend Opportunity Fund | Russell 3000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Oil Gas & Consumable Fuels | 11.4% | 7.8% | 3.6% |
| Banks | 8.6% | 11.2% | -2.6% |
| Pharmaceuticals | 7.9% | 6.4% | 1.5% |
| Diversified Telecommunication Services | 6.9% | 3.4% | 3.4% |
| Electric Utilities | 4.6% | 3.8% | 0.8% |
| Equity Real Estate Investment Trusts (REITs) | 4.2% | 5.7% | -1.5% |
| Communications Equipment | 3.9% | 2.2% | 1.7% |
| Beverages | 3.7% | 0.5% | 3.2% |
| Tobacco | 3.2% | 0.9% | 2.3% |
| Software | 2.9% | 1.6% | 1.3% |
| Capital Markets | 2.9% | 2.9% | -0.1% |
| Semiconductors & Semiconductor Equipment | 2.7% | 3.2% | -0.5% |
| Insurance | 2.6% | 4.5% | -1.9% |
| Metals & Mining | 2.4% | 0.7% | 1.7% |
| Chemicals | 2.3% | 2.6% | -0.2% |
| Household Products | 2.2% | 2.4% | -0.2% |
| Multiline Retail | 2.2% | 0.6% | 1.6% |
| Aerospace & Defense | 2.2% | 1.5% | 0.7% |
| Automobiles | 2.1% | 0.6% | 1.4% |
| Health Care Equipment & Supplies | 2.1% | 4.0% | -1.9% |
| Asset Allocation | Dividend Opportunity Fund | Russell 3000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Equity | 96.3% | 100.0% | -3.7% |
| Market Cap | Dividend Opportunity Fund | Russell 3000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Large | 80.9% | 72.3% | 8.5% |
| Mid | 10.4% | 20.4% | -10.0% |
| Small | 4.1% | 7.3% | -3.2% |
Analytics
Morningstar
05/31/2019
(based on risk adjusted performance)
- B
Overall Rating
Number of Funds
1101
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-0.03
-0.18
Beta
0.85
0.84
Information Ratio
-0.36
-0.31
R-Squared
95.72
93.28
Sharpe Ratio
0.58
0.48
Standard Deviation
10.19
10.28
Upside Capture
82.43
81.11
Downside Capture
79.14
79.94
Sortino Ratio
0.80
0.71
Win Ratio
50.00
47.00
Loss Ratio
50.00
53.00
Tracking Error
2.79
3.26
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$128.48 B
$112.97 B
Median Market Cap (weighted)
$79.52 B
$55.66 B
P/E Ratio (LTM)
14.12
15.61
P/E Ratio (NTM)
12.11
13.54
Price/Book
1.98
1.93
Return on Equity
14.51%
12.23%
Turnover Ratio
63%
-
Active Share
76.45%
-
Dividends
- F
Est. Frequency
Quarterly
Last Pay Date
3/19/2019
Per Share ($)
$0.1312
12-Month Distribution ($)
$0.5684
Distribution Sources
- F
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Team
Laton Spahr, CFA
Value and Income Team Leader, Portfolio Manager
Documents
- 1. Effective on 12/11/13, the Fund mainly invests in dividend paying stocks that the portfolio manager believes are undervalued. Performance prior to 12/11/13 is not indicative of performance for any subsequent periods.
- 2. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile.
- 3. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
- 4. The Russell 3000® Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. The index is unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
- 5. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
- 6. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
- 7. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end. The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date. For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date. Each result is compounded semiannually and annualized. Falling share prices artificially increase yields.
- 8. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes). The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized. Falling share prices artificially increase yields.
- A. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p> ↩
- B. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 star s, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Invesco Oppenheimer Dividend Opportunity Fund was rated against the following numbers of Large Value funds over the following time periods: the fund was rated 3 stars among 1101 funds in the last three years, 3 stars among 949 in the last five years, and 1 stars among 698 in the last ten years. <strong>Past performance does not guarantee future results.</strong> ↩
- C. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily. ↩
-
D.
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges. ↩ - E. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions. ↩
- F. There is no guarantee of the payment of any dividend or other distributions at any level. ↩